AFRICAN LEADERS LAUNCH FUND TO EASE DEBT BURDEN AS U.S. CUTS AID
Faith Nyasuguta In a major step toward financial self-sufficiency, African leaders have approved the African Financial Stability Mechanism (AFSM), a new fund aimed at providing concessional loans to cash-strapped governments. Managed by the African Development Bank (AfDB), the facility will help nations secure funding on better terms than those offered by international lenders. The move […]
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